Raleigh Multifamily Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Triprop, Lee Associates, Colliers
Quarterly multifamily market indicators for Raleigh, aggregated by PropZone from Triprop, Lee Associates, Colliers. As of Q1 2026, average asking rent was — with a 21.0% vacancy rate.
Projected current multifamily pricing — Raleigh
low confidenceProjected asking rent
$1,028–$1,042/unit/mo
Estimated sale value
$109,288–$138,418/unit
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 5.4%, asking rent trend-adjusted to today). Assumes ~92% occupancy (vacancy not reported) and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | — | 21.0% | 12K SF | — | Triprop |
| Q1 2026 | — | 10.9% | 7K SF | — | Lee Associates |
| Q1 2026 | $1028.00/SF | 6.5% | — | — | Colliers |
| Q1 2025 | $1525.00/SF | 12.1% | 1K SF | — | Lee Associates |
Frequently asked questions
- What is the average asking rent for multifamily space in Raleigh?
- PropZone aggregates multifamily asking-rent data for Raleigh from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the multifamily vacancy rate in Raleigh?
- The multifamily vacancy rate in Raleigh was 21.0% as of Q1 2026 (Triprop).
- Where does PropZone's Raleigh market data come from?
- This report aggregates quarterly multifamily market data for Raleigh from Triprop, Lee Associates, Colliers.
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